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stuart: elections on the bedrock of democracy and on november 6th, we decide. are we america or are we europe? and who leads? good morning. two candidate. barack obama and mitt romney square off last night. in columbus, ohio, bruce springsteen won the cloud for the president but even celebrities could not find a house. in new hampshire, kid rock fronted mitt romney and his wife went to, the place was packed. a very enthusiastic reception. the latest polls, gallup has romney up by one. washington post has obama up by 3 but the sample was skewed the democrats and we got the latest revenues and poll numbers. romney by one, 49-48. 1 twenty million votes will be cast today. it has already begun and "varney and company" is beginning right now. stuart: it is tuesday, november 6th, it is election day. since it is the most critical day of lee year, charles payne is joining the company early. special treat. the mainstream media is pulling for president obama saying signs point to an obama victory but these pictures tell a different story. for the second straight night a packed crowd fo
who did not get a break just because they're not white in america. the great thing about america is you do not to be white or even born here, you just have to want it. if you want it, and that is what we all -- [inaudible] we see the system is not fair. obama has promised more transparency. we have seen things that have made our blood curdle. >> i apologize for cutting you off, but the reception is getting to bed. thank you for your time this morning. from salt lake city, another democrat. caeliacelia. >> i have a few comments. i am hispanic voter. i'm 44 years old. have three beautiful children. and they will also be voters. but i have a question. the thing that really concerns me is immigration. i am worried about that. that is something that really needs to be taking care of, immigration reform. they need to do something to help these people to contribute to society, to pay taxes the way i do. i pay lots of taxes from every paycheck that i work so hard for. i think immigration should also give some kind of, you know, benefits to those people to pay taxes and contribute to soci
a dozen years now almost, and it's due in great part to the generous support of rolls royce north america, we thank you for that support. without which we couldn't do this program. it's a pleasure for us to have with us this morning, the chief of staff of the united states army, general ray odierno. general odierno is from new jersey. anybody who is from new jersey these days has been a little bit distracted. new jersey took the brunt of the storm. i grew up in louisiana. we are sort of used to this sort of thing, but we don't usually have hurricanes that have a wind chill and snowfall associated with them. which complicates matters. i hope everyone's all right up there this morning. we have been doing this series recently focusing on where are the military services going? it's a very important point of history. general odierno started in the army back during not the last draw down but the one before that. the one after vietnam. those of you who have been coming to our events know we have been talking about draw downs for some time now. eventually it had to get here and we are now at the
and these where we begin this hour of "america live." welcome, everybody. i'm megyn kelly. moments ago the president gathering with a group of taxpayers to encourage americans to put pressure on congress to make a deal on raising taxes on the wealthy. but we heard no mention of congress dealing with our soaring debtor deficit spending, or where spending cuts of any type might come or how we are going to address the larger issue: we all know that tax hikes on the rich ain't going to get it down. progressive groups reportedly held a private meeting with senior obama administration white house officials. according to the "washington post" the groups were told not to worry about any entitlement reforms or big budget cuts. the so-called safety net programs according to them are not going to be touched and the progressive groups walked away feeling very happy. the report say the white house feels it does not need to compromise, period and is willing to let the big tax hike happen on everybody. the big tax hike is what everybody will face not just the rich or the middle class. they think the
of costs which are going to escalate in the near future and bankrupt america because we can't afford spending on the elderly, on social security and medicare. well, i think if you're a oceanographer or even a mere surfer, none of these -- and this comes from "the washington post" -- none of these actually look like tidal waves. i know it's kind of small, it goes out to 2040. if you just look at the top two, health care spending, public health care spending, medicare and medicaid and social security, the second chart, if you look at social security, as monique said earlier, it goes from a little less than 5% now to about 6% by the middle of the 21st century. that's not exactly a tsunami that threatens to destroy our civilization and calls for immediate, urgent action. what it means is simply over half a century we need to either raise revenues by about 1.5% of gdp, or alternative if you want you could cut social security's benefits by that amount, or you could have some compromise. or you could think about reform within the context of the retirement system as a whole, and arguably as
the pain and wondering, where is america's outrage? where's america's concern that we're still at war? my question is, mr. speaker, why is the house of representatives still supporting a war that costs $10 billion a month? this money is borrowed primarily from the chinese. all we hear about is this financial cliff, this crisis that's facing america. my question is after 11 years, where's the outrage from congress for our men and women in uniform dying in afghanistan? 2014 is the date that the president has said we will start bringing the troops out. that is 25 more months. why do we have to wait until the end of 2014 to start bringing our troops home? how many more have to die at the hands of the very afghans they're training? october 14 "new york times" editorial titled "time to pack up," has a subtitle that says it best -- "it should not take two more years for the united states to leave afghanistan." mr. speaker, i have a petition on my website, the website is jones.house..gov. i'm asking people around this country to please sign this petition with the name and state, nothing else, who
examining america's education system and the impact on national security. council on foreign relations moderates the discussion, about an hour. >> welcome to this evening, broadcast of morning joe. the energy in this room is a real testament to two things. one is how the education reform has ripened, a combination of meade, the talent we see in this room has coalesced on the issue of new technologies but there is a sense that the moment has arrived and the other is jeb bush. [applause] >> i am a great believer that two things matter in life. won his ideas and the other is people. that is the real driver of change, the real driver of history. when you unpack it all and jeb bush is a perfect example. the coming together of a person with real talent and drive with a set of ideas and this is one of them. the fact that you are all here is the greatest salute you could give. condoleezza rice and i come out of a national security background. we use to mess around with something called the rand bond calculator. xbox it used to calculate what was known as the cp, the circular error of probable
>> join us tuesday 6:00 p.m. eastern for election night in america. "piers morgan tonight" starts right now. >>> you know where i stand. and you know what i believe. you know i tell the truth. and you know i'll fight for you and your families every single day as hard as i know how. >>> a fiery president obama fighting for his life. the man who wants his job, mitt romney, we're keeping an eye on that for you tonight. good evening. and welcome to a very special battleground edition of "piers morgan tonight." the latest poll out tonight shows this race is a down to the wire dead heat. look at these figures. 49% for president obama. 49% for mitt romney. with two days to go until election day. this may be the picture of who makes a difference. less than a week after sandy's fury, temperatures are dropping and anger is rising. among the storm tossed appliances and debris, no power. american flags flying proudly. people determined to vote if they can figure out where. a whopping 67% of voter as prove of the president's handling of super storm sandy. we begin with susan candiotti in rocka
of the day, be very skeptical when watching any news program in america. >> not familiar with precisely with exactly what i said but i stand by what i said whatever it was. ♪ let's get it on >> good afternoon and welcome to ten days since the president's resounding and emphatic re-election. and in most cases an electoral loss would provide a wake-up call for the defeated party. but in the case of mitt romney, it appears to have opened the door to another dimension, a dimension of sound, a dimension of sight, a dimension of mind. a sort of twilight zone. in the realm of reality, there is the president who has just left new york's staten island touring areas damaged by the storm and pledging much needed federal support. and then there is the shadow realm where republicans are still stumbling over their loss by doubling down on the very backward, twisted, inverted views that proved to be their undoing. case in point, mitt romney. who told his top donors on a conference call that the president only won by doling out freebies to key constituencies. >> what the president's campaign did was
security committee, new york republican peter king. then where does america stand on the verge of a second obama term in office? the economy, the fiscal cliff talks, the president's priorities in the next four years. our roundtable is here. david brooks of "the new york times." msnbc's reverend al sharpton. former ceo of hewlett-packard carly fiorina >> historian and film maker ken burns. and nbc chief foreign affairs correspondent andrea mitchell. and we'll hear from new york congressman, gregory meeks, as we check in on some of the hardest-hit victims of hurricane sandy and see how they offered thanks this weekend while surrounded by destruction. >>> from nbc news in washington, the world's longest-running television program, this is "meet the press." with david gregory. >>> president obama doing his part for the economy over the weekend out holiday shopping as part of small business saturday, picking up several children's book at an independent bookstore in arlington. >>> meanwhile, uncertainty in the middle east. more clashes in egypt over the weekend as police use tear gas this mornin
education the vast majority of what we do in america k-12 higher education is done by public institutions. it's done by public institutions that are run by states. a lot of other work including most charter schools are nonprofits or famous institutions like stanford and harvard and yale and princeton. and then, however, there's a substantial swath of activity that is for-profits, both for-profits that run schools or colleges. there is also for-profits that sell everything from pencils to paper to textbooks, to curricula, to professional development and school systems and universities and colleges. we don't often think about that. we don't often think about what the upsides, what are the downsides, how does that play out and that's what we really want to get into today. for instance, just recently our friends at parent revolution said, you know, when thinking about the parent trigger that we, you know, there's a need to regulate. we need to think about where to draw the lines and what kind of operators to permit, they choose not to encourage, for-profits be permitted to participate because
campaigning on. america, america >> are we going to continue to making our case? >> i will say this, i can never, ever find my car in a garage. ♪ i'm going off the rails on a crazy train ♪ ♪ i'm going off the rails on a crazy train ♪ >> with frantic and frenetic behind-the-scenes negotiations as both sides work against the clock trying to reach an agreement on the fiscal cliff that is fast approaching. the president is trying to ramp up public pressure on congress to accept his ideas for debt reduction in. in the coming days he meets with small business owners, middle class taxpayers, around corporate leaders. friday he tried to recapture his winning spirit in pennsylvania touring a toy manufacturing plant. i don't think the event is in whoville but the republicans as grinch playbook is probably evident enough. to hear some of the president's team, they see this christmas going their way. >> i think we're going to get this done. i'm more positive than most. i'm heartened by many ever my senate republican colleagues who have stepped forward and basically said that their real oath is
you very much and i look forward to questions. >> thank you. for those who believe that america is founded is the greatest country in the history of the world, we wanted someone who would fight for us. we wanted a fighter like ronald reagan who boldly championed america opposing founding principles who inspired millions of independence and reagan democrats to join us and who fought his leftist opponents on the -- idea that america was a shining city upon a hill. what we got was a week moderate candidate handpicked by the beltway elite and country club establishment wing of the republican party. the presidential loss is unequivocally on them. with a catastrophic loss, the tea party is the last best hope america has to restore her founding principles. while it may take longer to restore with president, back in office we're not going away. it took nearly 100 years to take america to the place where we are today. it will take more than 3 1/2 years to restore our constitution. we're going to keep fighting. we respect the constitution and we now that for america to succeed, we need to
. that will be live here on c-span2 starting at 1:30 p.m. eastern. >> america ranks 29th thousands speed of the an attack such leading industrial likes of the world as moby and ukraine. moldavia and ukraine. we pay the highest price and were by far. by one match with a 38 times what the japanese paper bit of information. if you buy one of these triple play packages and i have one in my home, you pay on average with taxes and use $160. in france you pay $38 u.s., and you get worldwide calling to 70 countries are not just u.s. and canada. you get worldwide television, not just domestic, and your internet is 20 times faster uploading and 10 times faster downloading, and your bank is than 25 cents on the dollar. all these other countries understand the fundamental principle, in the 19th century, canals and railroads were the key to economic growth as industrial nation came along and you had to move heavy things like steel. the 20 century came along, it was highways, interstate highway program and airports that were crucial to economic growth. now it's the information superhighway. what does
time. i just don't understand why we all can't get together. i know that america is based on individuality and people wanting to have a piece of the pie, but why -- it just appears that the tea party is so divisive, and i don't understand that. you know, sometimes it appears that since president obama has become president, that i've never seen so much disrespect for the office of president. oip amy kremer? guest: well, thanks for your comment, shelly, and i would to say we're not divisive. i mean, we've gone after republicans and democrats alike. we are an issues-oriented movement, focused on fiscal responsibility, limited government, free markets. that's all we're focused on. and as i said before, we want washington to live within their means. so, you know, it's not that we're here just to challenge the democrats. we're here, and we've done it, we've primaried republicans before. so i don't think that expecting our federal government and our state and local governments to live within their means is very divisive. i think that that is something that is absolutely reasonabl
focus on the real issues facing america, like catching up -- that's a homeland is a tv show on showtime. [laughter] let's move to nonfiction. it is a privilege for me to be at the council on foreign relations, and thank you for hosting, and and for moderating. i see a number of people in the audience who have done such important work in the space, some of my colleagues and other government agencies. i see charlie firestone from the aspen institute, very involved in issues that i will be talking about today. let me start with one provocative sentence from jeffrey sachs of columbia university. he said recently the information and communications technology revolution is surely the most powerful single force for economic development in the world today. so i want to talk about that today, about the enormous opportunities the broadband revolution is creating. i will also talk about the dangerous fact that the global internet is at a crossroads. threats to the future of the internet have never been more serious, and if we don't tackle these threats, the u.s. and other nations will pay the pric
with america's march of freedom. one does not. i want our president to be on the right side of history. one sees climate change as an urgent problem. one does not. i want our president to place scientific evidence and risk management above electoral politics. well said by a savvy mayor of new york. he is so smart. >> the guy is very savvy. >> he waited until now. >> correct. i had somebody use the following phrase with me, he may be the ultimate lagging indicator in that mayor bloomberg is a cautious guy politically. he's always looking out for mayor bloomberg, and there's nothing wrong with that. politicians always look out for their own best interests first. that's the nature of being an ambitious pol, but would he have done this if he thought obama was going to lose? >> that's an indicator of the public. >> that's my question. i don't know. >> by the way, the late brilliant jack jarvis -- somebody once say when that ball comes down on new year's eve, or just at midnight when it starts to come down, that's how he would come down on an issue. you know the decision had been made. here i giv
the best campaign. >> don't forget, join us tuesday, 6 p.m. eastern, for election night in america. piers morgan tonight starts right now. >>> you know where i stand and you know what i believe. you know i tell the truth. and you know i'll fight for you and your families every single day as hard as i know how. >> a fiery president obama fighting for his political life tonight in ohio, the state that could be the key to his whole election. meanwhile, the man who wants his job, mitt romney is about to take the stage in new port news, virginia. we are keeping an eye on that for you tonight. good evening, welcome to a very special battleground edition of piers morgan tonight. the latest cnn/orc poll out tonight shows this race is a down-to--the wire dead heat. 49% for president obama, 49% for mitt romney. with to days to go until election day, this might be the picture, who makes the difference. the rockaways here in new york city less than a week after sandy's fury, temperatures are dropping and anger is rising, amid storm-tossed appliance and debris with no power, with american flags
in the middle east. it is building to a kre skend oh. the elections are over. now america must act. what does america have to do? >> well, with syria, if the opposition will get its act together, and become unified, it seems to me that then we should surely support turkey's request for patriot missiles as defenses against any threat from syria. but also we then have to consider a no-fly zone, providing the opposition in syria comes together. but, again, all this goes looking for ways to keep the pressure on iran and to keep taking away from iran the kind of weaponry, both psychological and real, that they are using. >> i want to shift gears as we talk about your concern about our national security in the middle east. let's bring it back home, and the fiscal cliff talks that are going to begin this week. as chairman of the armed services committee, of course, all of these defense jobs that are imperiled by what's called sequestration, meaning automatic spending cuts, half of which would come from defense, you're talking about $50 billion a year starting in january for 10 years unless this deal
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their vision of america didn't pan out two weeks ago today. while you have others in the republican party trying to deal with reality, martinez in new mexico, jindal in louisiana. they are speaking up forcefully about what the republican party needs to do to ensure, from their perspective, the drubbing they got by the democratic presidential nominee two weeks ago doesn't happen to their party and to their nominee come 2016. i mean, it's the right message for them -- it's the right way for them to be thinking if they want to save their party f they want their party to not slide any further into being a regional party but to still be a national party and a national party that actually knows how to govern. >> now, krystal, when you look at the fact that the campaign manager for the manager, jim messina, at a breakfast this morning, he said that the white house feared running against huntsman. take a look. >> we were honest about our concerns about huntsman. you know, i think huntsman would have been a very tough general election candidate. it's someone who helped manage his confirmation for
of the house of representatives and take our oath to the constitution of the united states of america and still most republicans will take their oath to grover norquist and that's the fundamental difference between us. >> here is senator lindsey graham of south carolina on norquist. here it is. >> i agree with grover we shouldn't raise rates but i think grover is wrong when it comes to we can't cap deductions and buy down debt. i want to buy down debt and cut rates to create jobs. i will violate the pledge long story short, for the good of the country only if democrats will do entitlement reform. >> does this mean you have to put medicaid, medicare on the table to get these folks to think your way. graham isn't going far enough. congressman tom cole, another republican, is willing to see what people wants. is this starting to crack? are we seeing a trend? >> democrats have passed the budget control act which cut spending by nearly $1 billion. with he were willing to support a compromise that would further reduce spending in exchange for revenues from the rich. we have already agreed to compromi
. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes and meet halfway. republicans have done this all along. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the president is fully aware as are democrats and anybody realistic. stuart: you make that judgment. >> i am not a fan, by the way, never have been, i thought the fiscal cliff thing was ridiculous in the beginning. no, no, but prefacing my answer to you. stuart: higher taxes of this magnitude on an economy that's already wea
that will help the american people to progress. i want to see america -- >> host: you want compromise? >> caller: i want compromise, yes. but i'm going to tell you this, and make no mistake about it, we have people in this country that have completely destroyed rather than try to compromise and try to bring the government to some sort of conclusion where everybody will benefit. some people in this country feel as though other people should not exist or have any benefit and they would do everything possible, spend all their money, disrupt the government and do whatever they can to prevent other people from having a happy life. >> host: let me ask you this. do you think that president obama should govern as if he has a mandate? how far should he pushed, should he be aggressive? >> caller: he has to be aggressive because if he doesn't -- >> host: is that compromise though? >> caller: you can be aggressive and still compromise. let me say this, the congress is the tea party for and if obama or romney or the other was president we would still have trouble because the tea party has an agenda and we ha
to insulate themselves within the one america. >> conventions of the same feeling as well. >> i do not think he will see a democratic leadership of the house ever again that does not include at least one woman and one african-american and latino. where as republicans, they need a lot more than -- they really need to put out a different face, an image in order to compete more broadly. >> sometimes the evidence for interesting voices that do not -- >> one other dimension of this -- at the end of the day, mitt romney got 20% of the total electoral votes available outside of the south. that happened in 1992. that is the smallest share of the electoral votes. the demographic challenge is also a geographical challenges. because of these places we have more cosmopolitan and secular populations that are diverse on the coasts. >> they have all the mountains and the farm states. that's it. >> one last question and we will wrap up. >> thank you. i am an independent consultant. i want to go back to the aid groups and talk about the contrast and the complex between the boomers and millennia ills, particu
with agriculture. they basically defined them as a child molesting aliens out to destroy the fabric of america and showed them the commercials and said you know, if we don't get what we want, millions of dollars can be spent on commercials just like this and they got what they wanted and didn't have to spend any money. that is what this has done and this isn't corrupting they were on a different planet in the different universe than the real world of what we face. so there is all of that to deal with and we are getting them all legislation being written by the outside interest the gets plugged right in. it is the gilded age brought up to the 21st century, and nothing that we want. i want to take a little -- i always like to find places i can take issue with tom so i want to address the question. i actually don't believe that the right wing of -- without representing the republican party represents the republican party we have survey after survey that shows on a range of issues of identified republicans do not take the same positions. the tea party consists of a lot of older voters that have no
stouffer's. and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is on top of other rewards and discounts i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. or did they take our money and run? >> they should be saying this is unacceptable . we thank mr. morsi for his efforts in brokering a cease fire which is incredibly fragile but this is not acceptable and the united states of america taxpayers expect and our dollars will be directly related to the progress toward demaddress which you promised the people of egypt when your party and you were elected president. >> brian: joining us is the navy commander from the office of secretary of defense under george bush. he is jd gordon. is it up to the president to get more in
things done in washington -- supporters are gathering now -- to bring america to the white house and in so doing, basically get the american people to ratify the change that the president would like to see happen on capitol hill. >> yeah. this is one of the lessons he's learned from the obama care battle where he had no outside game. he basically told the left and all the folks who had supported him during the 2008 campaign, sit down, we've got this, we're going to do it through rahm emanuel, legislative wheeling and dealing. that didn't work so great. the other side flooded the capitol with people carrying guns so now he's mobilizing his base to try to get this done. >> and let us hear him mobilize that base. the president speaking at the white house. >> thank you so much. thank you, everybody. please have a seat. thank you. thank you very much. everybody, please have a seat. except you guys. don't sit down. well, good morning, everybody. >> good morning. >> you know, there's been a lot of talk here in washington about the deadlines we're facing on taxes and deficits. these dead
government has been the strength and we've been who we are in the united states of america. >> we're going to come back on this because karen, i'm particularly interested in talking to you about this because as a democrat in bobby jindal's louisiana you guys know how to make power work in difficult circumstances. even as the negotiations seem like a do-over from 2011, there was one voice notably absent from the table this time around. who and where is he? that's next. into their work, their name on the door, and their heart into their community. small business saturday is a day to show our support. a day to shop at stores owned by our friends and neighbors. and do our part for the businesses that do so much for us. on november 24th, let's get out and shop small. we challenged the manufacturers to offer even lower prices.n. now it's posturepedic versus beautyrest, with $400, $500, up to $600 off. serta icomfort and tempur-pedic go head-to-head with 3 years interest-free financing. plus free same day delivery, set-up, and removal of your old set. when brands compete, you save. mattress price
in america for something that was less liberal than what the networks for putting on the air. so, fox news was born. fox news has been hugely successful. it earns somewhere between $1.10 $0.50 billion a year. -- $1 and $1.5 billion a year. the folks at nbc took a look at what fox has been doing and figure out if they could make news skewing news to the right, if we could make half of that, let's ask you to the left. and so, you have on cable television news that caters to people who consider themselves progressives, news to people who consider themselves conservatives, you have the afternoon radio talk shows, the evening radio talk shows which cater largely to the conservative. you have the late-night comedy show, john stewart, stephen cole there, that tend to cater more to the left. and the end result is the area that has gone more or less of fellow is serious news organizations reporting the important events of the day without any kind of political bias. we have grown up as a nation believing we are entitled to hear news that resonates to the news we already -- to the views we already ho
. i just wonder, with america and the world, business leaders here, business leaders around the world, the markets, everybody else looking so closely at this, was it necessary for the president to be so provocative with something that, you know, even "the new york times" said was, quote, loaded with democratic priorities, and really gave republicans nothing. >> again, it's a curious offer. i would imagine there has -- tim geithner's too smart of a guy, and this administration is filled with smart people. they must have a serious strategic plan. but if you were a pedestrian watching this, if the ceo of a company that's not been into the white house, a medium-size to small company, it has to be a source for alarm this morning that maybe they're not nearly as close to a deal as we thought. let alone if you're a ceo if you've been in the office with the president and you've laid out some of your priorities and concerns. >> so but it is step one, though, in a negotiation. >> it is step one. >> okay. so it's like bidding on a house. you always go farther from where you're going to be. >> bu
. first, congress back to work, and back to bickering. in just under 35 days, america hits the fiscal cliff. that triggers severe spending cuts and tax hikes. several top republicans are now defying party politics and signaling a willingness to consider increasing tax revenues to get a budget deal done. but when the lame duck senate got back in session yesterday it sure sounded like the same old broken record. >> the senate has spoken. president obama has spoken. he's promising he will not sign any bill that mortgages our future to pay for handouts to the wealthiest 2% of americans. i only hope house republicans have been listening. >> we've been responsible, even as we've remained firm on this point. no tax increases now for promised spending cuts that won't materialize later. >> cnn political director mark preston is live from washington this morning. very nice to see you, mark. so the house is back in session today, and so far there are no talks scheduled between top republicans and the president, we understand. >> no, that's true, zoraida. in fact we haven't seen the congressional
relevant to say that. stuart: yes, sir, it is, but this is the united states of america. this is-- should be the most dynamic economy on this planet. we do private enterprise. >> yes. stuart: we're not robust, we're not dynamic. we're growing at less than 2% after four years of president obama's policies, policies that you helped to write. look, i'm an immigrant to this country and completely be robust and dynamic and expanding and that's what i expect from america and i'm not getting it. >> you're only getting half of that, i agree with that. stuart: yeah. >> because we had a massive bubble that bubble popped, you can't go back to doing what you were doing before the recession began so you really can't have a v-shaped recovery the way you had in 1982 when the interest rate went town 20%, choked up activity and then fell back down to 10% and act returned. stuart: why-- >> what we have is much more like 2001 and a bubble popped and you've got to crawl your way out of it. >> we cut taxes and crew with private enterprise and a couple of wars and we had-- >> stuart, we have added-- stuart, we
announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. >>> republicans have been adamant in the fiscal cliff talks, saying the democrats have put entitlement, social security, medicare, medicaid, on the table, if they want the gop to budge on more tax revenues. but now, one high-ranking democrat says entitlements should be off limits until the whole fiscal cliff mess is behind us. senator dick durbin joins us this morning. always great to talk to you. appreciate your time. >> thanks, soledad. >> now with this latest development, how hopeful are you that, in fact, a deal is going to get done? and what would that deal look like? >> well, we should reach an agreement. the point i made was, when it comes to medicare, we know that it's going to run out of money in twelve years. whatever changes we want to make should be thoughtful changes. not made in the heat of the fiscal cliff. not done in the closing days here, of a lame duck session. let's look at this thoughtfully and make sure at the end of the day medicare is going to survive and be s
before america votes, we are about to get the last pre-election numbers on jobs in our economy. >> i got nothing left. memories or anything else. everything is ruined. ruined. >> survivors of hurricane sandy still waiting for help. they are worrying about the future. good morning to you. welcome to "early start." >> it is 5:00 a.m. in the east. we are going begin with a sprint to the finish line. the last major hurdle in the way. the october jobs report will be released in three and a half hours. both the obama and romney campaign hope the numbers will help them in the race. it's too close to call right now. christine romans is going to have a look at it. christine? >> let's talk about what we are expecting in the final economic report before tuesday. in three and a half hours, we'll find out what happens for jobs and the unemployment rate. the expectation is the unemployment rate is 7.9%, picking up slightly with 125,000 jobs added in the month. the trend, though, is what is so important here, right? sometimes you get a little in the month. the trend is what's important. 7.8% was the un
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